AUD/USD
FROM HERE:sell around 0.7850 to target 0.7750 then 0.7734
BUT: above 0.7880 may lead to 0.7912 (good level to go short if it gets there)
COMMENT: best to stay neutral until after data release because it may get ‘whippy’ or ‘choppy’
USD/JPY
FROM HERE: expect quiet Asian session and buy on dips around 119.60 to target 120.46 and then 120.63
BUT: 120.50 may take some effort to break due to previous double top and this may occur during London time
COMMENT: Based on daily chart still expecting range trading day with bullish bias.
EUR/USD
FROM HERE: remain short and sell around 1.1100 to target psychological level 1.1000 (it’s only a matter of time)
BUT: short stops are building above 1.1150 so square if it looks like its heading north again
COMMENT: Things are going to plan for the week. Remain short. Last time we saw this level was back in 2003 FYI
GBP/USD
FROM HERE: sell around 1.5280 to target 1.5251 then 1.5211
BUT: small stops hiding above 1.5300 and major resistance 1.5344
COMMENT: Bears in control and looks like we may have another bear candle by the end of the day.
